Sam Ulrich
Vice President, Investor Relations
Replay available
Churchill Downs, Incorporated (NASDAQ: CHDN) Q3 2025 earnings conference call, held 2025-10-23. Replay captured from the company's public earnings webcast.

Vice President, Investor Relations
Chief Executive Officer
Chief Financial Officer
Analyst, Truist Securities
Analyst, Jefferies
Analyst, McQuarrie
Analyst, Capital One Securities
Analyst, J.P. Morgan
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WEBVTT 00:00:00.031 -- 00:00:04.218 Good day, ladies and gentlemen, and welcome to the Churchill Downs Incorporated 2025 00:00:04.218 -- 00:00:09.245 Third Quarter Earnings Conference Call. At this time, all participants are in a 00:00:09.245 -- 00:00:13.933 listen-only mode. Later, we'll conduct a question-and-answer session, and instructions 00:00:13.933 -- 00:00:19.041 will be given at that time. We ask all question-and-answer participants to please limit 00:00:19.041 -- 00:00:24.567 themselves to one question. As a reminder, this conference call is being recorded. 00:00:24.567 -- 00:00:27.771 I would now like to introduce your host for today's conference, Mr. 00:00:27.771 -- 00:00:32.236 Sam Ulrich, Vice President, Investor Relations. 00:00:32.236 -- 00:00:37.241 Thank you, Andrew. Good morning, and welcome to our third quarter 2025 earnings conference 00:00:37.241 -- 00:00:41.706 call. After the company's prepared remarks, we will open the call for your questions. 00:00:41.706 -- 00:00:47.073 The company's 2025 third quarter business results were released yesterday afternoon. 00:00:47.073 -- 00:00:51.157 A copy of this release announcing results and other financial and statistical information 00:00:51.157 -- 00:00:55.550 about the period to be presented in this conference call including information required 00:00:55.550 -- 00:01:00.616 by Regulation G, is available at the section of the company's website titled News, located 00:01:00.616 -- 00:01:02.696 at churchildownsincorporated.com, 00:01:02.838 -- 00:01:05.481 as well as in the website's investor section. 00:01:05.481 -- 00:01:08.565 Before we get started, I would like to remind you that some of the statements that we 00:01:08.565 -- 00:01:11.188 make today may include forward-looking statements. 00:01:11.1...